That’s a total “stimulus” of $7.646 trillion for FY 2008-2011. So, what have we gotten for all that borrowing, spending, and money printing?

Let’s be generous and assume that by Sep. 2011, the nominal Gross Domestic Product (GDP) will have increased to $15.376 trillion, which assumes exactly the same nominal growth as last year Q3 to Q3. In Sep. 2007, the GDP stood at $14.158 trillion. So, there has been total nominal growth $1.218 trillion since then.Therefore, a “stimulus” of $7.646 trillion will have only generated growth of $1.218 trillion by the end of this fiscal year. Put another way, for every $6.27 borrowed, spent, and printed, the government achieved $1 of growth. Or, for every dollar borrowed, spent, and printed, there was 15.9 cents of growth — a measly .159 Keynesian multiplier.Get full story here.